The causes of the crisis and rebirth of the photovoltaic industry

2012 global PV industry has the bottom the photovoltaic power parity era in many countries of the world, experienced a reshuffle, has been ahead of the arrival of. In early March, the solar giant Yingli Green Energy (NYSE: YGE, hereinafter referred to Yingli) released 2012 earnings. Depression global PV industry as a whole macro environment, Yingli Green Energy 2012 PV module shipments 2.3GW, an increase of 43% over the previous year.

According to NDPSolarbuzz 2012 Yingli replace Suntech to become the world's largest photovoltaic cell components supplier, followed by the United States FirstSolar. March 20, Yingli announced a strategic cooperation agreement with GCL-Poly. GCL-Poly is one of the world's largest polysilicon and wafer suppliers, the company also integrated investment and operating charge controller photovoltaic power plant.

Zong Wei seems that 2012 was the most difficult year for the photovoltaic industry. "While we can not say that has been completely out of the woods, but the worst time has passed," said Zong Wei, "The whole industry began to appear signs of recovery." Forbes "Chinese version of the Zong Wei time to explore the future of the photovoltaic industry trends exclusive interviews.

Forbes (hereinafter referred to as "F"): Yingli's 2012 revenues of 11.39 billion yuan, the net loss was as high as 3.06 billion yuan. How do you see this performance? Zong Wei (hereinafter referred to as "Lee"): In last year's macro environment (PV flexible solar panels manufacturers) is not a loss may be difficult. The key is the risk of control of funds, survive. We should be proud, even in the most difficult circumstances, Yingli still not rely on plant closings, massive layoffs and selling assets to survive.

Lee: policy factors and financial factors are two key factors that led to the crisis.

Policy factors, the PV crisis is actually a direct result of the European debt crisis. May 2011, the Italian government subsidies for PV reduced by 30%, while other European countries for their own financial problems, have reduced the subsidies in the solar energy, which leads to the capital market outlook bearish.